Bitcoin is making lower highs and lower lows after its 2023 top on April 14.
The retracement of the uptrend from its November 2022 – April 2023 went just below its 38.2% Fibonacci retrecement. 21 day SMA and 55 day EMA slope are getting negative.
Next relevant support in area 24,000 and then 23,100. Market sentiment will turn positive in case of breakout of higher side of bearish channel.
